Santa Monica Real Estate. What’s New?

With the low inventory still frustrating buyers in the Los Angeles area, let’s see what happened with Santa Monica real estate in April.

Sold +/- March Active Median +/- March New +/- March Pending +/- March
Single Family 18 +3 42 $2,527,500 +55.90% 20 +13 30 +21
Condo 40 -1 43 $621,250 -5.87% 20 +13 31 +17

The number of new homes coming on the market in Santa Monica in April rose by 13 over March for both single family homes and condos.  This is rather encouraging news.  The median price of new single family homes is $2,172,500 and for condos, $1,062,000

The number of pending homes also increased significantly.

The number of sold homes was up modestly for single family and slightly down for condos.

One month does not a trend make, so let’s see what happens in May.

Previous Reports

Santa Monica Real Estate, 1st Quarter 2013 Reviewed

Santa Monica Homes for Sale the Market Trend

Santa Monica Real Estate the Year in Review

Homes for sale in Santa Monica


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